Exhibit 99(b)
Entergy Gulf States, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
September 30,
1992 1993 1994 1995 1996 1997
Fixed charges, as defined:
Total Interest charges 248,416 210,599 204,134 200,224 192,465 180,378
Interest applicable to rentals 23,759 23,455 21,539 16,648 14,887 15,187
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Total fixed charges, as defined 272,175 234,054 225,673 216,872 207,352 195,565
Preferred dividends, as defined (a) 69,617 65,299 52,210 44,651 48,690 40,186
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Combined fixed charges and preferred $341,792 $299,353 $277,883 $261,523 $256,042 $235,751
dividends, as defined ==================================================================
Earnings as defined:
Income (loss) from continuing operations
before extraordinary items and
the cumulative effect of accounting changes $139,413 $69,462 ($82,755) $122,919 ($3,887) 140,568
Add:
Income Taxes 55,860 58,016 (62,086) 63,244 102,091 93,079
Fixed charges as above 272,175 234,054 225,673 216,872 207,352 195,565
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Total earnings, as defined (b) $467,448 $361,532 $80,832 $403,035 $305,556 $429,212
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Ratio of earnings to fixed charges,
as defined 1.72 1.54 0.36 1.86 1.47 2.19
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Ratio of earnings to combined fixed charges
and preferred dividends, as defined 1.37 1.21 0.29 1.54 1.19 1.82
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(a) "Preferred dividends," as defined by SE regulation S-K, are computed by dividing the preferred dividend
requirement by one hundred percent (100%) minus the income tax rate.
(b) Earnings for the year ended December 31, 1994, for GSU were not adequate to cover fixed charges combined
fixed charges and preferred dividends by $144.8 million and $197.1 million, respectively.